Graco Inc. (NYSE:GGG) Shares Sold by Quantum Capital Management LLC NJ

Quantum Capital Management LLC NJ reduced its holdings in shares of Graco Inc. (NYSE:GGG) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 461,066 shares of the industrial products company’s stock after selling 14,280 shares during the quarter. Graco accounts for 4.7% of Quantum Capital Management LLC NJ’s portfolio, making the stock its 12th largest position. Quantum Capital Management LLC NJ owned about 0.27% of Graco worth $40,002,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Parsons Capital Management Inc. RI lifted its stake in Graco by 179.4% in the fourth quarter. Parsons Capital Management Inc. RI now owns 77,867 shares of the industrial products company’s stock valued at $6,756,000 after buying an additional 50,000 shares during the last quarter. Secure Asset Management LLC acquired a new stake in Graco during the 4th quarter worth about $2,026,000. Louisiana State Employees Retirement System purchased a new position in Graco during the fourth quarter valued at approximately $4,112,000. QRG Capital Management Inc. acquired a new position in shares of Graco in the third quarter worth $751,000. Finally, Atria Wealth Solutions Inc. raised its stake in shares of Graco by 274.4% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 13,188 shares of the industrial products company’s stock worth $961,000 after purchasing an additional 9,666 shares in the last quarter. 93.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Claudio Merengo sold 12,652 shares of Graco stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $90.02, for a total value of $1,138,933.04. Following the completion of the sale, the insider now directly owns 18,847 shares in the company, valued at $1,696,606.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Claudio Merengo sold 12,652 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $90.02, for a total transaction of $1,138,933.04. Following the sale, the insider now owns 18,847 shares of the company’s stock, valued at approximately $1,696,606.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Timothy R. White sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $92.82, for a total transaction of $232,050.00. Following the completion of the transaction, the insider now owns 48,282 shares of the company’s stock, valued at approximately $4,481,535.24. The disclosure for this sale can be found here. Insiders have sold a total of 29,088 shares of company stock worth $2,649,885 in the last 90 days. Corporate insiders own 2.63% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on GGG shares. William Blair reissued a “market perform” rating on shares of Graco in a research report on Friday, April 26th. Robert W. Baird cut their target price on Graco from $90.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, April 26th. Royal Bank of Canada upped their price target on Graco from $91.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, StockNews.com raised Graco from a “hold” rating to a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Graco currently has an average rating of “Moderate Buy” and a consensus target price of $88.25.

Graco Trading Down 0.1 %

NYSE:GGG traded down $0.08 during mid-day trading on Friday, hitting $81.48. 707,769 shares of the company’s stock traded hands, compared to its average volume of 704,262. The firm has a 50 day moving average of $87.57 and a two-hundred day moving average of $86.19. The firm has a market capitalization of $13.78 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 2.68 and a beta of 0.84. Graco Inc. has a 12 month low of $69.78 and a 12 month high of $94.77.

Graco (NYSE:GGG) last posted its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.09). Graco had a net margin of 23.15% and a return on equity of 23.01%. The business had revenue of $492.19 million during the quarter, compared to the consensus estimate of $536.19 million. During the same period in the prior year, the company posted $0.74 earnings per share. The firm’s revenue was down 7.1% compared to the same quarter last year. As a group, equities research analysts expect that Graco Inc. will post 3.05 earnings per share for the current year.

About Graco

Graco Inc designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors.